MGM announces joint venture agreement worth US$2.5 billion
AINSWORTH LatAm strikes again
Zitro anticipates a Shockingly Cool ICE 2020 in London
UKGC orders all online gambling operators to participate in GAMSTOP
NHS tells betting firms to stop ‘vicious gambling cycle’ (BBC News)
How Britain got the gambling bug (The Guardian)
Gambling on credit cards to be banned (BBC News)
VIP results expected to have dropped 35pct y-on-y in 2019 Q4 – Brokerage(Macau Business)
Gambling Revenues Are No Jackpot For New Jersey Or Pennsylvania (Forbes)
Macao Casinos Ended 2019 in a Decline: Will 2020 Be Down, Too? (The Motley Fool)
More…
At a Glance…
SPAIN:
Promoting responsible gambling
New restrictions for gambling operators include the regulation of advertising and a ban on casinos opening before 10 pm – Spain recently classified problem gambling as a mental illness
CAMBODIA:
Job losses follow online ban
Since the closure of many casinos following a government halt to online gambling last August, up to 7,000 jobs have been lost – this figure may increase when government inspections commence and if the ban becomes permanent
JAPAN:
Hokkaido drops casino bid
The Governor has announced that the island will no longer seek at present a bid to construct an integrated casino resort, due to concerns about the environmental impact
SLOVAKIA:
State-run betting Company raided
The Chairman and the IT Director of state-run Tipos Slovakia have been arrested on suspicion of assisting money laundering activities
UKRAINE:
Six new gambling Bills
The six bills and two draft amendments relate to the future regulation and taxation of gambling and all focus on establishing a regulatory framework for gambling – to inlude online gambling, sports betting, lotteries and casinos
U.S.A.:
Sports betting bills filed in Florida
Three bills seek the establishment of regulated gambling in the state, both by state-owned lotteries and private businesses – the bills would legalize sports betting at retail venues, such as casinos and iLottery kiosks, and online
U.S.A.:
Guitar-shaped hotel opens
The Seminole tribe has launched the world’s first guitar-shaped hotel in Hollywood, Florida with 638 guest rooms and suites – the Seminole Hard Rock Hotel & Casino is a sprawling complex that includes 19 restaurants, 20 bars, shops, nightclubs and a spa
THE PHILIPPINES:
Proposed increase to gambling tax
A new bill aims to classify all Offshore Gaming Operators as resident corporations and subject to an additional 5% tax on GGR – gaming operators will be required to pay monthly $10,000 for table games, another $5,000 for slot machines plus $1,000 presumptive corporate income tax